Short-seller trader in Zcash faces an unrealized loss of $7.66 million as ZEC nears the $1,500 mark
- A Zcash trader who previously had an 89% win rate is facing an unrealized loss of $7.66 million after opening a leveraged short position amid ZEC’s continued price rise.
- The trader’s $18.3 million short position is at risk of being liquidated if ZEC reaches around $1,551, while the account equity is currently below $1.8 million.
- ZEC has gained more than 10% in 24 hours and 39% in a week, driven by factors including a governance vote and significant activity from wallets that moved ZEC off exchanges, leading to $32.7 million in liquidations, mainly from short positions.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto
- A Zcash trader who previously had an 89% win rate is facing an unrealized loss of $7.66 million after opening a leveraged short position amid ZEC’s continued price rise.
- The trader’s $18.3 million short position is at risk of being liquidated if ZEC reaches around $1,551, while the account equity is currently below $1.8 million.
- ZEC has gained more than 10% in 24 hours and 39% in a week, driven by factors including a governance vote and significant activity from wallets that moved ZEC off exchanges, leading to $32.7 million in liquidations, mainly from short positions.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto
